HDFC Bank Bengaluru

Products Offered by HDFC Bank

HDFC Bank has kept a big box full of products for the people of Bengaluru. You can get products including the likes of home loan, business loan, car loan, gold loan, personal loan, education loan, loan against poverty and fixed deposits. These products are designed to meet the needs of the people and offer the best customer experience possible. We have created two special tables for you where you can get the most important information about all the products. Don’t miss to have a look at them.

Basic Details of HDFC Bank loans in Bengaluru

Product

Eligibility

Loan amount

Interest rate

Processing fee

Tenure

Home loan

The bank decides the eligibility of the applicant through certain factors likeIncomeEducational qualifications, Age CIBIL scoreIncome of the spouseNumber of dependentsStability of employmentSaving historyBusiness, Liability & Assets

₹ 75 Lakhs and above in selected cases

8.35% - 9.05%

1.25 % of the amount sanctioned plus GST

30 years

Personal loan

1.Must be a salaried individual who falls in the the category of Chartered Accountant, Doctor, employee of public sector undertakings or private limited companies.

2.He/she should be between the age group of of 21 to 60 years.

3. A working experience of a minimum of two years is needed

4.Must be employed with the current company for at least one year.

5. A net monthly income of at least ₹ 15,000 is needed. In case of applicants of cities like Mumbai, Bengaluru, Delhi, Cochin, Pune, Kolkata, Hyderabad, Ahmedabad and Chennai, the net monthly income should be at least ₹ 20,000.

Up to ₹ 15 Lakhs

11.25% - 21.25%

Up to 2.50% of the loan amount

Five years

Car loan

Salaried Employee-1.Should be at least 21 years of age at loan application and <=60 years of age when the loan matures

2.Should have a job for a minimum of two years and must be working for the current employer for at least one year

3.A minimum annual income of ₹ 2,50,000 is needed

Self employed individual (Sole Proprietorship)-

1.Need to be at least 21 years of age when the tenure starts and <=65 when the tenure ends

2.Need to be in their business for a minimum of two years

3.Need to have an annual income of at least ₹ 2,50,000

Self employed (Partnership Firms)-

1.Need to have a minimum turnover of ₹ 2,50,000.

2. Must be engaged in the business of trading, manufacturing and services.

EMI Calculator

If you are someone who has already decided to avail a loan, but not sure about the EMIs and Interest Outgo for the same, nothing to worry at all. Yes, an EMI Calculator is here, help you in knowing your monthly installments in the best manner. This smart device takes into consideration the tenure, interest rate and loan amount and with its algorithm functional in the backend lets you know your monthly installments in just a few seconds.

To make you understand better, below is a table showing the calculations on a loan amount of ₹2 Lakh, taken for a tenure of 5 years at an interest rate of 11.49% per annum.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount

Interest Rate

Tenure

Monthly Instalment

Total Interest Amount

Total Amount

₹ 2,00,000

11.49%

1

₹ 17,722

₹ 12,665

₹ 2,12,665

₹ 2,00,000

11.49%

2

₹ 9367

₹ 24,811

₹ 2,24,811

₹ 2,00,000

11.49%

3

₹ 6594

₹ 37,393

₹ 2,37,393

₹ 2,00,000

11.49%

4

₹ 5217

₹ 50,408

₹ 2,50,408

₹ 2,00,000

11.49%

5

₹ 4398

₹ 63,851

₹ 2,63,851

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year

Principal

Interest

Balance Amount

1

₹ 31,410

₹ 21,360

₹ 1,68,589

2

₹ 35,215

₹ 17,555

₹ 1,33,374

3

₹ 39,481

₹ 13,288

₹ 93,892

4

₹ 44,264

₹ 8505

₹ 49,627

5

₹ 49,669

₹ 3143

₹ 0

Documents Required

The documents needed for availing a loan from HDFC Bank Bengaluru have been mentioned below-

Product

Documents

Home loan

Salaried employee:

Fully filled application form along with photographs of passport sizeProof of Identity- Passport/PAN card/Voter ID card/Aadhar card/Driving licenseProof of Address- PAN card/Passport/Electricity bill/Telephone bill/Rent agreementProcessing fee chequeBank statement of the past six monthsProof of Income- Form 16 and latest salary slipOther property related documents- Buyer agreement/Allotment letter copy and a receipt of payment made to the developer

Self-employed (businessmen and professionals):

Fully filled application form along with photographs of passport sizeProof of Address- PAN card/Passport/Electricity bill/Telephone bill/Rent agreementProof of Identity- Passport/PAN card/Voter ID card/Aadhar card/Driving licenseProcessing fee chequeProof of Income- Income Tax returns of the previous three years and Audited Balance Sheet & Profit and Loss account statement of the past three financial yearsProof of BusinessEducational qualification certificates (For professionals)Business profileOther property related documents- Buyer agreement/Allotment letter copy and a receipt of payment made to the developerBank statement of the past six months

Agriculturists:

Fully filled application form along with photographs of passport sizeProof of Identity- Passport/PAN card/Voter ID card/Aadhar card/Driving licenseProof of Address- PAN card/Passport/Electricity bill/Telephone bill/Rent agreementProcessing fee chequeCopies of the Title documents of the agricultural land which can depict land holdingStatement of the loans availed in the past two yearsOther property related documents- Bank statement of the past six monthsCopies of the Title documents of the agricultural land which can show that crops are being cultivated

Income Proof- Salary Certificate(current dated) with Form 16/Latest salary slip

Bank Statement of the past three months/ six months passbook statement

Car loan

Identity Proof- PAN Card, Voter ID Card, Passport, Driving LicenseProof of Income- The applicants are required to submit the below documents as a proof of their income.Salaried employee: A salary slip along with Form 16Self employed individual (Sole Proprietorship): Latest Income Tax ReturnsSelf employed (Partnership Firms): Audited Balance Sheet, latest two years Income Tax returns and Profit and loss account of the last two years Self employed (Private Limited Companies): Audited Balance Sheet, P&L account of the last two years and Income Tax returns of the latest two yearsSelf employed (Public Limited Companies): Audited Balance Sheet and P&L account of the last two years

For Salaried individualIdentity Proof- Driving License/Voter ID Card/Passport/PAN Card/Aadhar Card/Employer's cardAddress Proof- photocopies of Passport/Telephone Bill/Ration Card/Rental Agreement/Electricity Bill/Voter ID CardBank statement of the past six months where the income or salary is credited Salary slip of the latest six monthsIncome Tax returns of the previous two financial yearsCopies of all Property Documents

About HDFC Bank

HDFC Bank is one of the reputable names in the Indian banking industry. The bank was formed in the August of 1994 when Reserve Bank of India gave Housing Development Finance Corporation Limited the permission to set up a private sector bank in the country. RBI gave the first of its kind ‘in-principal’ approval because it wanted to liberalise the Indian banking sector. The headquarters of the bank is located in Mumbai. The bank commenced conducting all the operations in January 1995 as a fully scheduled commercial bank. The bank has touched every point of the country with a large network of more than 4,500 branches and over 12,000 ATMs. The branches and ATMs are fully operative so that the people don’t face any kind of inconvenience. The bank has been successful in capturing the e-commerce market in India and has become the market leader.

HDFC Bank has always carried the vision of being different and making maximum use of technology. It has offered a wide range of digital offerings to the customers like Chillr, 10-second personal loan, Pay Zapp, Watch Banking, SME Bank and 30-Minute Auto Loan. HDFC Bank had a merger with Times Bank in the year 2000. This was the first instance of two private sector banks merging with each other. Bengaluru is the hub of information technology and high-tech industry in the country. HDFC Bank has established over 100 branches in the silicon valley of India. All the branches are fully operative and offer instant solutions to the customers and help them accomplish their dreams.

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